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Rent/Lease 510 W 42nd St

Class B 10036 Buildings Midtown West/Times Square
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Nearby office Spaces for Rent

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Retail Spaces for Rent at 510 W 42nd St

Rent Retail 510 W 42nd St

$ / SF SF Monthly Rent
$ 168
1,200
$ 16,800
Negotiable
5,400
Negotiable

Rent Medical Space at 510 W 42nd St

Nearby Retail Tenants Leased
  • Polo Ralph Lauren leased 11,000 SF at 1055 Madison Ave
  • La Mar leased 9,000 SF at 11 Madison Ave
  • Burger & Lobster leased 8,900 SF at 1 Bryant Park
  • New York Kids Club leased 4,000 SF at 11 Fifth Avenue
  • 10 Downing leased 3,400 SF at 10 Downing St
  • Clean Table leased 2,000 SF at 101 Seventh Avenue
  • Sweetgreen leased 2,000 SF at 10 Hudson Yards
  • Choza Taqueria leased 1,000 SF at 100 Park Ave
  • The Original Soup Man and Crema Lita leased 614 SF at 10 Rockefeller Plaza
  • Simit and Smith leased 400 SF at 11 Waverly Pl
Tenant Broker’s Perspective: Return-to-office mandates are driving up rental prices at 510 W 42nd St. This trend is projected to continue. Opportunities for subleases remain available at 510 W 42nd St and in the nearby Midtown West/Times Square neighborhood.
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510 W 42nd St Property Overview

Building Address: 510 W 42nd St, New York NY 10036
Building Name: City Boutique
Zip Code:10036
Neighborhood:Midtown West/Times Square
Borough:Manhattan
Stories:0
Year Built:1960
Building Class:B

History of 510 West 42nd Street, Manhattan, NYC

510 West 42nd Street, located in the Clinton neighborhood of Manhattan, was originally constructed in 1960. The building is classified as a Full Service Hotel (H2) and has a total floor area of 78,333 square feet spread over 3 stories. It sits on a lot measuring 24,850 square feet.

Over the years, the property has maintained its hospitality function and was known as the Cachet Boutique New York Hotel. In early 2024, Merchants Hospitality surrendered its $24 million ground lease controlling the hotel, indicating a notable change in the building's operational management.

Currently, the building is undergoing renovations as of 2025 to update and improve its facilities, continuing its role as a boutique lifestyle hotel. The renovations aim to enhance amenities including a fitness center, restaurant, patio, event spaces, and modern internet access, aligning with contemporary hospitality standards.

According to tax records, as of 2024, the building holds a tax assessor's market value of approximately $19.6 million, reflecting its established presence and value in the Midtown West area of Manhattan between Tenth and Eleventh Avenues.

510 West 42nd Street, Manhattan, NY 10036

Property TypeHospitality (Hotel)
SubtypeFull Service Boutique Hotel
Building Size78,333 SF
Year Built/Renovated1960 / 2025 Renovation
Hotel NameCachet Boutique Hotel NYC
FeaturesFitness Center • Restaurant • Meeting Spaces • Boutique Hotel

Leasable Retail Spaces
Space A: 3,692 SF + Basement
Space B: 9,334 SF (Former Playboy Club)

Surrounding Area: Hell's Kitchen • Near Times Square • Between 10th/11th Aves

Tax Assessed Value$19,610,000
2024-25 Property Tax$949,044

Cachet Boutique Hotel Amenities at 510 W 42nd St, NYC

General Amenities:

  • 24-hour Front Desk
  • 24-hour Fitness Center
  • Smoke-Free Premises
  • Free High-Speed Wi-Fi
  • Meeting and Banquet Rooms
  • Luggage Storage
  • Dry Cleaning/Laundry Services
  • On-site Dining: Restaurant & Bar/Lounge

Leisure and Sports:

  • 24-hour Fitness Center
  • Sauna
  • Jacuzzi
  • Night Club (additional fee)
  • Garden Area

Business Amenities:

  • 24-hour Business Center
  • Meeting/Banquet Facilities

Room Amenities:

  • Premium Bedding
  • Rainfall Showerhead
  • 42-inch Flat-Screen TV
  • iPod Dock
  • Designer Toiletries
  • Blackout Drapes

Other Features:

  • No Pool (some reports may incorrectly list one)
  • No On-site Parking (parking may be available off-site for a fee)
  • Pets Allowed for Service Animals Complying with ADA

510 West 42nd Street, located in Manhattan's Hell's Kitchen neighborhood, is primarily associated with the Cachet Boutique Hotel. Currently, there is no specific information available about office tenants renting or leasing space at this location. The building is more known for its hospitality services and retail opportunities nearby.

The area offers convenient access to Times Square, Chelsea, and the Javits Center, making it a vibrant location for both businesses and tourists.

Neighboring retail businesses include Pets on Broadway, Drybar, and F45 Training, contributing to the area's diverse commercial landscape.


Internet Providers at 510 W 42nd St, NYC

Building Amenities: High-speed internet access & public WiFi available

Top Providers (Based on Manhattan Coverage)

  • Verizon Fios - Fiber plans up to 2.3Gbps ($49.99+/mo)
  • Astound Broadband (RCN) - 1.5Gbps fiber/cable ($35+/mo)
  • Spectrum - 1Gbps cable ($40+/mo)
  • 5G Home Internet - Verizon/T-Mobile (72-245Mbps)

Exact availability requires address verification with providers.


Location: 510 W 42nd St, Manhattan, NYC

Transportation Options:

  • Subway: The nearest subway station is the Port Authority-42 St (A, C, E, N, R, W, 1, 2, 3, 7, S trains). Additionally, Times Sq-42 St (N, Q, R, W, S, 1, 2, 3, 7 trains) is nearby.
  • Bus: Bus stops at W 42nd St & 10th Ave and W 42 St/10 Av are within walking distance.

Cross Streets: 10th Avenue and 9th Avenue.


Nearby Retail Tenants Leased
  • Polo Ralph Lauren leased 11,000 SF at 1055 Madison Ave
  • La Mar leased 9,000 SF at 11 Madison Ave
  • Burger & Lobster leased 8,900 SF at 1 Bryant Park
  • New York Kids Club leased 4,000 SF at 11 Fifth Avenue
  • 10 Downing leased 3,400 SF at 10 Downing St
  • Clean Table leased 2,000 SF at 101 Seventh Avenue
  • Sweetgreen leased 2,000 SF at 10 Hudson Yards
  • Choza Taqueria leased 1,000 SF at 100 Park Ave
  • The Original Soup Man and Crema Lita leased 614 SF at 10 Rockefeller Plaza
  • Simit and Smith leased 400 SF at 11 Waverly Pl
Nearby Retail Tenants Leased
  • Polo Ralph Lauren leased 11,000 SF at 1055 Madison Ave
  • La Mar leased 9,000 SF at 11 Madison Ave
  • Burger & Lobster leased 8,900 SF at 1 Bryant Park
  • New York Kids Club leased 4,000 SF at 11 Fifth Avenue
  • 10 Downing leased 3,400 SF at 10 Downing St
  • Clean Table leased 2,000 SF at 101 Seventh Avenue
  • Sweetgreen leased 2,000 SF at 10 Hudson Yards
  • Choza Taqueria leased 1,000 SF at 100 Park Ave
  • The Original Soup Man and Crema Lita leased 614 SF at 10 Rockefeller Plaza
  • Simit and Smith leased 400 SF at 11 Waverly Pl

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  • No fee for clients renting space.
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  • Save 15–20% on your business costs.
  • Save 100–200 hours of research.
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Alone or with other broker

  • Miss deals and hard-to-find spaces.
  • Potential conflict of interest (often represent landlords).
  • Only 10% of available spaces are online.
  • Lack of specialized expertise.
  • May not get the best terms or uncover hidden costs.
Why Use a Tenant Broker: Your Advocate in Commercial Real Estate
1. The Crucial Distinction: Whose Side Are They On?
Landlord Rep (Listing Agent) — Fiduciary Duty: Landlord. Highest rent, best terms for landlord.
Tenant Rep (Tenant Broker) — Fiduciary Duty: Tenant Only. Lowest rent, best terms for tenant. Levels the playing field.
2. It Almost Always Costs You Nothing
3. Access to “Hidden” Inventory
4. Negotiating Beyond Base Rent
Landlord pays the broker fee — free expert representation for the tenant.
Access to hidden inventory: off-market listings, subleases, and future availabilities via broker databases and networks.
Negotiating beyond base rent: free rent, TI allowance, OPEX caps, and lease flexibility for renewal or expansion.
5. Time Savings & Process Management
6. Mitigating Risk (the “Gotchas”)
Tenant broker handles searching, scheduling, and RFPs — your outsourced real estate department with curated options and timeline management.
Mitigating risk: spotting pitfalls in LOI and lease such as restoration clauses and holdover penalties.
Summary: Don’t rely on the landlord’s agent. A tenant broker is your advocate, provides better data, negotiates a complete package, and typically costs you nothing.

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